Now is the Perfect Time to Buy a Home in NW Arkansas

Here’s a very brief look at the current housing scene in NW Arkansas…

If you are a buyer, the opportunities are phenomenal right now. Mortgage rates are at historic lows and by historic I don’t mean the past 10 or 20 years. I mean interest rates have never, ever been this low, at least since they’ve been keeping track.

Even a couple of years ago, no one ever thought possible such rates as 3.5% on at 15-year fixed-rate mortgage or 4.25% for a 30-year fixed rate mortgage. This is simply fantastic for anyone looking to purchase a home and those rates are available right here in NW Arkansas.

The other truly bright spot is the average cost per square foot continues to drop. In fact, prices are back to 2004 levels. I realize this is terrible news for sellers but what a fantastic opportunity for buyers.

Even when home prices were this low in 2004 or thereabouts, interest rates were much higher.

So right now, you could say this is a “perfect storm” situation for buyers.

Apparently many people are taking note of this. Sales of homes in NW Arkansas rose approximately 20% compared to this time last year.

As a Certified Residential Specialist, I am ready, willing and able to help you take advantage of this great buyer’s market. Call me at 479-966-0435.

For more information:

Ozarks Unbound Blog
Arkansas Business-1
Arkansas Business-2
Arvest Bank